Toledo Reverse Mortgage Lenders
All Reverse Mortgage, Inc. (ARLO™) is proud to be Ohio’s #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating. We currently lend in 16 states and our headquartered in Southern California.
All Reverse Mortgage was incorporated in CA November 2004 and as the name implies, the only loan product that All Reverse Mortgage, Inc. (ARLO™) originates is in fact, the reverse mortgage.
We’re committed to be your lender because you deserve the best rate at the lowest price possible.
We’re a HUD Approved direct lender lending the national HECM programs and offer a suit of Non-FHA & Jumbo Reverse Mortgages to better suit homeowners in SoCal with higher value homes over the national 2024 lending limit of $1,209,750.
We welcome you to compare our reviews and our lower rates and closing costs to any other major lender! The difference is clear, and we can’t wait to show you!
Toledo Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Toledo (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Toledo | 2,747 | 8 | 1 | 6 | $111,156 |
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD
Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s acronym for their reverse mortgage loan.
All Reverse Mortgage, Inc. (ARLO™) originates in Toledo and closes both refinance loans, where borrowers already own their home and are looking to either
pay off their existing loan and have no more monthly mortgage payment, utilize their equity for other purposes if they have no existing loan, or possibly
a combination of both.
About All Reverse Mortgage®
The owners and management of All Reverse were part of the team that wrote and sold the first fixed rate jumbo reverse mortgage in 2008 and as such,
have extensive experience in jumbo or proprietary loan programs as well. We are always looking for new products to offer to borrowers of high valued
homes in the higher home priced markets that the HUD HECM may just not serve as well. Jumbo or proprietary programs typically offer much lower
Principal Limits as they relate to values though so not all borrowers are better served with the jumbo programs.
Only a seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the
borrower can make an informed decision. It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then
within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.
Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool and many are now seeking
the reverse mortgage to augment their retirement plans and not so much as a mortgage of last resort. Everything from the elimination of the existing
mortgage payments to the line of credit that grows that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to
not only live comfortably in their family home, but to plan for the future as well.
Toledo Lending Limits
Toledo, Ohio, is the fourth-largest city in the state of Ohio. As of 2017, the city has a population of approximately 276,000.
Senior homeowners 62 years and older make up about 16.6% of the population.
Located in northwestern Ohio, Toledo had 1,322 people in 1840, four years after it was incorporated. Today,
residents and visitors enjoy an array of attractions, including an exciting museum scene. Joining the Toledo Museum of
Art are the National Museum of the Great Lakes, the science museum Imagination Station, the Toledo Firefighters Museum, the
Blair Museum of Lithophanes the Maumee Valley Historical Society and others.
Toledo’s economy is primarily composed of jobs in healthcare and financial services.
As of January 2023, the median home value in Toledo, Ohio, is $111,156 – an increase of 11.8% in the last year. Even with the predicted rise in home values, many Toledo, Ohio homes are still well within the bounds
of the federal reverse mortgage lending limit of $294,515. For those with homes valued above the federal lending limit, there are
several private jumbo reverse mortgage programs available that may better suit those homeowners.
If you reside in Toledo or are planning to move there, All Reverse Mortgage is here to answer your questions
Cities in Ohio by population
Source 1,
Source 2
Toledo 2017 population
62+ homeowners
History of Toledo
Toledo attractions
Major industries in Toledo
Home values in Toledo
